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All posts by Pablo Piovano

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USD/JPY faces further downside – Danske Bank

Senior Analyst at Danske Bank Piet Christiansen noted the Japanese Yen is poised for further appreciation in the next months. Key Quotes “Portfolio flows out Japan have been an important driver behind JPY weakness in the recent year, and today’s flow data from the Ministry

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EUR/USD could test 1.2680 – Commerzbank

According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could extend to the 1.2680 region. Key Quotes “EUR/USD has eroded the recent high at 1.2538 and this suggests a test of the long term downtrend at 1.2680. Nearby support lies

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EUR/USD gains capped around 1.2550

Spot clinches fresh YTD tops around 1.2550. USD-weakness still in full play. US 10-year yield around 2.91%. The risk-rally keeps fuelling the upside in EUR/USD , this time visiting the 1.2550/55 band, or fresh 2018 tops. EUR/USD in multi-year peaks He pair climbed to levels

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US Dollar anaemic below 89.00

DXY stays apathetic around 88.80. US data came in mixed. US yields upside capped around 2.95%. The US Dollar Index (DXY), which tracks the buck vs. its main competitors, keeps the bearish view unchanged so far this week and is now looking to consolidate below

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WTI weaker, finds support around $60.00

Crude oil prices trim Wednesday’s gains. Oil supplies rose less than expected on Wednesday. US oil rig count next on tap tomorrow. Prices of the barrel of the West Texas Intermediate are giving away some of yesterday’s gains and are now meandering the $60.20 region,

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USD/JPY faded the spike to 106.80 on US data

Gains faltered near 106.80. US yields advanced to 2.94%, fresh tops. Philly Fed rose above consensus. The Japanese Yen is extending the weekly upside vs. its American counterpart today, pushing USD/JPY to fresh lows in the 106.20/15 band earlier in the session. USD/JPY still offered

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EUR/USD around 1.2480 on US data

US PPI rose 0.4% MoM in January. Philly Fed up to 25.8. US yields off highs, around 2.92%. The single currency keeps its bid tone intact in the second half of the week and now prompting EUR/USD to navigate within the daily range in the